Wave Foundation is located in Sacramento, CA. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wave Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Wave Foundation generated $57.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $50.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT WESTLAKE CHARTER SCHOOL BY RAISING, MANAGING, AND DISTRIBUTING FUNDS RAISED TO SUPPORT THE INNOVATIVE PROGRAMS THAT ENHANCE THE EDUCATION OPPORTUNITIES FOR THE STUDENTS AT THE SCHOOL.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Hustead President | 4 | $0 | |
Rebecca Montes Vice President | 2 | $0 | |
Katherine Donaghy Vice President | 2 | $0 | |
Shari Kantor Treasurer | 3 | $0 | |
Veronica Hernandez Secretary | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $29 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $57,748 |
| Other Revenue | $0 |
| Total Revenue | $57,777 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,533 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $50,111 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,134 |
| Other assets | $0 |
| Total assets | $60,296 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,296 |